This is the weakest Q1 for Bitcoin since 2018.

Let that sink in.

Back in 2018, Q1 wasn’t just red — it marked the hangover after euphoria. Sentiment cracked. Momentum faded. Weak hands folded.

Now here we are again.

Price stalled. ETF flows cooled. Retail went quiet. Volatility compressed into boredom. The market feels tired — and that’s exactly what makes it dangerous.

Because historically, Bitcoin doesn’t die in silence.

It resets.

Weak Q1s have often been the pressure chamber before expansion. Liquidity shifts. Narratives rotate. Positioning gets cleaner.

Fear builds. Patience thins. Then something snaps.

The question isn’t whether Q1 was weak.

The real question is:

Is this distribution… or preparation?